Despite Apple's Supremacy, Google Touts Android Market

It's been a bit of a rough day in Mountain View as Google's shares tumbled following an earnings call where the Search Giant failed to hit profit targets. Stocks hit a six-month low as shares fell $44 and change, or roughly 7.5%, to $534.50 -- not seen since mid-October. The company reported an adjusted profit of $8.08 a share, falling short of the expected $8.11 a share. Operating expenses also increased, hitting 33% for this quarter, compared to 27% from the same time last year.

However, Google posted a net revenue of $6.5 billion for the quarter, exceeding estimates of $6.3 billion.

Despite the mixed earnings call, Google wasted no time to tout the promising numbers coming from Android. Over 3 billion apps have been installed on the number one mobile platform and a whopping 350,000 smartphones are activated every day -- making that around 10.5 million Android devices per month.

Of course, Apple holds claim to far better app numbers. Cupertino boasted its 10 billionth app download earlier this year, and its iTunes Store holds over 350,000 apps -- a number of which the Android Market can claim about half.

As for how the activation numbers stack up, that's still a little fuzzy. As PC World's Daniel Ionescu points out, "Apple did not recently disclose how many iOS devices it activates per day, which were 270,000 at the last count in October 2010; this number, however, could match Google's, considering the launch of the iPhone on Verizon and the iPad 2."